313 Ellis ST Augusta, GA 30901
UPDATED:
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,220 sqft
Price per Sqft $103
Subdivision Old Towne
MLS Listing ID 530448
Bedrooms 4
Full Baths 2
Year Built 1916
Lot Size 49299.441 Acres
Acres 1770619.0
Lot Dimensions .12
Property Sub-Type Multi Family
Source REALTORS® of Greater Augusta
Property Description
Here's a breakdown of the key features from the description and how they relate to the Augusta real estate market:
2 bedroom / 1 bathroom units: A common and desirable size for duplexes in the area, appealing to a wide range of tenants.
Original hardwood floors and desirable floor plan: These features are consistent with the historic nature of Olde Town, which is listed on the National Register of Historic Places.
''Cash Flowing Asset'' and ''stable investment'': These are standard real estate marketing terms, but they highlight the property's potential to generate income. The fact that both units are currently leased supports this claim.
Recent upgrades (new roof, new hot water heaters, serviced HVAC): This is a significant selling point for investors, as it suggests that major capital expenditures have already been taken care of, reducing the immediate maintenance costs for a new owner.
''Priced under market value and priced to sell fast'': This is a classic sales tactic to create a sense of urgency. An investor would want to verify this claim by checking recent comparable sales in the area.
Concessions for cosmetic repairs: The offer of an allowance for paint and flooring is a good incentive. It acknowledges that while the major systems are in good shape, the property could benefit from some aesthetic updates, which is common for older homes.
Location
State GA
County Richmond
Community Old Towne
Area Richmond (1Ri)
Direction Take Broad St towards downtown, right onto 4th st and then left onto Ellis St.
Interior
Heating Natural Gas, None, Other, See Remarks
Cooling Central Air, Single System, Other
Exterior
Parking Features Parking Pad, See Remarks
Building
Water Public
New Construction No
Schools
Elementary Schools Hornsby
Middle Schools Hornsby Ws
High Schools Lucy Laney
Others
Tax ID 1
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, See Remarks, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, See Remarks, VA Loan
Special Listing Condition None
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